RDP 8804: Pricing Behaviour in Australian Financial Futures Markets
Equation (3)
f
t+1
T
(
t+1
)
−f
t
T
(
t
)
=
E
t+1
(s
T(t+1)
)−E
t
(s
T(t)
)
=
{E
t+1
(s
T(t+1)
)−E
t
(s
T(t+1)
)}
+E
t
{s
T(t+1)
−s
T(t)
}
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeaabmWaaa qaaiaabAgadaqhaaWcbaGaaeiDaiaabUcacaqGXaaabaGaaeivamaa bmaabaGaaeiDaiaabUcacaqGXaaacaGLOaGaayzkaaaaaOGaaeylai aabAgadaqhaaWcbaGaaeiDaaqaaiaabsfadaqadaqaaiaabshaaiaa wIcacaGLPaaaaaaakeaacaqG9aaabaGaaeyramaaBaaaleaacaqG0b Gaae4kaiaabgdaaeqaaOGaaeikaiaabohadaWgaaWcbaGaaeivaiaa bIcacaqG0bGaae4kaiaabgdacaqGPaaabeaakiaabMcacaqGTaGaae yramaaBaaaleaacaqG0baabeaakiaabIcacaqGZbWaaSbaaSqaaiaa bsfacaqGOaGaaeiDaiaabMcaaeqaaOGaaeykaaqaaaqaaiaab2daae aacaqG7bGaaeyramaaBaaaleaacaqG0bGaae4kaiaabgdaaeqaaOGa aeikaiaabohadaWgaaWcbaGaaeivaiaabIcacaqG0bGaae4kaiaabg dacaqGPaaabeaakiaabMcacaqGTaGaaeyramaaBaaaleaacaqG0baa beaakiaabIcacaqGZbWaaSbaaSqaaiaabsfacaqGOaGaaeiDaiaabU cacaqGXaGaaeykaaqabaGccaqGPaGaaeyFaaqaaaqaaaqaaiaabUca caqGfbWaaSbaaSqaaiaabshaaeqaaOGaae4EaiaabohadaWgaaWcba GaaeivaiaabIcacaqG0bGaae4kaiaabgdacaqGPaaabeaakiaab2ca caqGZbWaaSbaaSqaaiaabsfacaqGOaGaaeiDaiaabMcaaeqaaOGaae yFaaaaaaa@7DED@